1) Aggregate buildings
BlocPower works with community leaders and institutions to assemble 4 or more non-profits, houses of worship, schools, small businesses or multi-family residences in financially underserved communities into a “Bloc” of potential retrofits.
2) Financial Analyses
BlocPower performs a rigorous analyses of the financial strength of each customer, to establish the likelihood that customers will pay their energy bill over time.
3) Engineering Analyses
Experienced engineering partners perform a comprehensive energy audit of each property to determine the correct mix of solar and efficient technology that will reduce each customer's energy consumption.
4) Form "Blocs" of Solar and Energy Efficiency Projects
A "Bloc" is a micro-portfolio of projects that meets BlocPower's financial and engineering criteria. Each "Bloc" spreads out the risk of default, creates pricing discounts, and increases transactional size--improving the economic feasibility of installing solar and energy efficiency technology in all projects.
Investors concerned about climate change and job creation will be able to invest in clean energy projects on BlocPower's online platform.
Investors who provide upfront project financing will be repaid out of the energy savings generated by each solar and energy efficiency project.
7) Job Creation
BlocPower creates jobs for local underemployed workers from vulnerable populations. However, each worker must graduate from a rigorous, third party certified green jobs training program at the top of their class.
Questions? Email Donnel, Morris, Keith or James @BlocPower.org